Confluent (NASDAQ:CFLT) Releases FY 2025 Earnings Guidance

Confluent (NASDAQ:CFLT) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.350-0.350 for the period, compared to the consensus estimate of 0.350. The company issued revenue guidance of -. Confluent also updated its Q1 2025 guidance to 0.060-0.070 EPS.

Analysts Set New Price Targets

Several equities research analysts have commented on CFLT shares. Citigroup boosted their target price on shares of Confluent from $24.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Scotiabank lifted their price target on Confluent from $25.00 to $27.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 31st. Bank of America lifted their price target on Confluent from $26.00 to $31.00 and gave the stock an “underperform” rating in a research note on Wednesday. Sanford C. Bernstein cut their target price on shares of Confluent from $38.00 to $33.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, Needham & Company LLC upped their price objective on shares of Confluent from $31.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $33.59.

Confluent Trading Up 13.9 %

Shares of CFLT stock opened at $34.29 on Wednesday. The stock has a 50-day simple moving average of $29.49 and a 200 day simple moving average of $25.28. Confluent has a fifty-two week low of $17.79 and a fifty-two week high of $35.07. The stock has a market capitalization of $11.25 billion, a P/E ratio of -29.86 and a beta of 0.92. The company has a quick ratio of 4.24, a current ratio of 4.24 and a debt-to-equity ratio of 1.17.

Confluent (NASDAQ:CFLT) last announced its earnings results on Tuesday, February 11th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.28). Confluent had a negative net margin of 38.35% and a negative return on equity of 34.05%. On average, sell-side analysts expect that Confluent will post -0.9 earnings per share for the current fiscal year.

Insider Activity at Confluent

In other news, insider Erica Schultz sold 63,729 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $27.40, for a total transaction of $1,746,174.60. Following the completion of the sale, the insider now directly owns 687,483 shares of the company’s stock, valued at $18,837,034.20. This trade represents a 8.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Kong Phan sold 2,096 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $28.23, for a total value of $59,170.08. Following the sale, the chief accounting officer now directly owns 190,680 shares of the company’s stock, valued at $5,382,896.40. This trade represents a 1.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,508,636 shares of company stock valued at $47,198,798 over the last 90 days. 13.82% of the stock is currently owned by corporate insiders.

Confluent Company Profile

Confluent, Inc operates a data streaming platform in the United States and internationally. The company provides platforms that allow customers to connect their applications, systems, and data layers, such as Confluent Cloud, a managed cloud-native software-as-a-service; and Confluent Platform, an enterprise-grade self-managed software.